EUR/GBP

Eur/Gbp is bouncing within the range, the pair seems have lost its directional strength.

Most currency pairs will be relatively directionless around the holidays.

Looks like a roll over coming into London close , apart from that range bounding as Traders look forward to the holidays and their bonus.

It’s like that every year. It’s hard to find good signals in such a range-bound market.

All one can do is keep an eye on the tops and bottoms and wait for a break out , check it against GBP/CHF

Still Bullish against 8304

snapdragon1970 posted:
All one can do is keep an eye on the tops and bottoms and wait for a break out , check it against GBP/CHF

Thanks for the advice, that’s the only prudent thing we can do.
I just closed my long at 0.8430.

Strong support can be at 0.8413. The bullish sentiment continues but the pair is entering the overbought area.

New high 8488 today...still bullish...

Bearish only if pierce back to below 8432

lee42747 posted:
Strong support can be at 0.8413. The bullish sentiment continues but the pair is entering the overbought area.

Oh yeah!

Eur/Usd 3pm was the move higher ,looks bearish now although the trend is pointing up,well aware that the last spike didnt break 1.05000 level,possible that we could re visit that level and knock it out,that would be somewhere I would think of going short. I think the same with euro pound knock out at 8500.

No more trading for me today, I closed all my positions. Happy Holidays, @snapdragon1970 .

Happy Holidays mlawson71,hope you have a great break,see you in 2017.

More upside for EURGBP as long price does not dip below 8432.

Long @8406 TP 8572 SL 8304 still in play

New High of Day. No sign of pullback yet.

EUR/GBP 0.8470 was cleared passed and upside momentum is turning positive as long as above it. But the key level at 0.8572 to 0.8660 still waiting to clear for convincing bullish confirmation.
Fundamentally uncertainties are there and January is very critical month to decide its trend.

I wouldn’t expect any major movements until the end of the holidays.

Another new High. Moving to 8572 soon

It might even reach 0.8600.